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47.A portfolio manager is required to sell 31,250 shares of XYZ Inc.in two months.She is concerned that the price of XYZ will decline during the 2-month period,so she enters into a deliverable equity forward contract to sell 31,250 shares of XYZ in 2 months for EUR 160 per share.When the contract expires,XYZ is trading at EUR 138 per share.The portfolio manager will most likely: A.Pay EUR 687,500 to the dealer. B.Receive EUR 4,312,500 from the dealer. C.Receive EUR 5,000,000 from the dealer. |
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